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US Industry Metrics

In the wake of January’s “bomb cyclone” weather event that brought freezing temperatures, snow and ice to a large portion of the US, Henry Hub natural gas spot prices rocketed upward as residential and commercial consumption of natural gas spiked. Demand climbed to 73.3 Bft3 on New Year’s Day, the highest level recorded since January 2014. The EIA noted that some of this demand was due to greater gas exports to Mexico and LNG feedstock gas, neither of which occurred in 2014. Meanwhile, US production of NGL increased significantly in the year through October 2017, especially LPG and ethane. GP

Metrics Fig 01
US gas production (Bcfd) and prices ($/Mcf)

 

Metrics Fig 02

US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

Metrics Fig 03

US natural gas plant field production of NGL, LPG, ethane and propane, Mbpd


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
At CERAWeek by IHS Markit, held in Houston in March, IEA Director Fatih Birol said that the world would soon see a major second wave of shale gas production from the US in response to higher energy prices and growing demand from India and China.
Regional Focus
-Shem Oirere
Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively.


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